Electric Locomotivesr Market 2023 - By Size, Share, Industry Growth Analysis Report By 2032

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Electric Locomotives Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Electric Locomotives Market Segments
The Business Research Company segments its
Electric Locomotives market report as
The electric locomotives market is segmented by
energy transfer into - Overhead Lines, Third
Rail, On-Board Energy Storage
By Energy Transfer
The electric locomotives market is segmented by
technology into - IGBT Module, GTO Thyristor, SiC
Module
By Technology
The electric locomotives market is segmented by
traction units into- AC Traction Units, DC
Traction Units, Multi System Units
By Traction Units
The electric locomotives market is segmented by
application into- Passenger Transport, Freight
Transport
By Application
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Electric Locomotives Market Statistics
The market is expected to grow from 6,472.9
million in 2021 to 12,031.9 million in 2026 at a
rate of 13.2. The market is then expected to
grow at a CAGR of 6.5 from 2026 and reach
16,488.1 million in 2031.
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Key Market Drivers And Trends
Drivers
The growing preference for pollution free
efficient systems will be expected to drive the
electric locomotives market during the forecast
period.
Trends
The advances in power supply are a key trend in
the electric locomotive market.
Region
Western Europe was the largest region in the
electric locomotives market, accounting for 42.3
the global market in 2021.
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Key Market Players

• Major players in the Electric Locomotives market
  are
• CRRC Corporation Limited
• Hitachi Ltd.
• Kawasaki Heavy Industries
• Siemens AG
• Stadler Rail AG
• And more.

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